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Underpaid TAX - Many Tax codes & Unemployment
So i've had a busy year, leaving my job in april, taking a few months out, and start another a few months on... however, my Tax now seems to be an issue. Ill throw a load of numbers and dates below, which will hopefully get the questions rolling, so I can determine the ultimate question... is my current tax code now…
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Help wrongly charged for Import VAT by customs
My husband ordered some radio controlled car parts from the states. This cost was $31.30 and this amount was shown on the outside of the packet for the customs declaration. However the packet only contained $27.00 worth of goods as one of the items was out of stock and is being sent at a later date. The invoice inside the…
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Sa 108
Is it true that you have to declare a gain over the annual allowance even though you have losses in the same year to bring the net position below the annual allowance? even if you don't normally complete a self assessment form.
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Tax under-payment notification - help!
Hi all, I recently received the above to the tune of £700 total (2008-9 and 2009-10). Apparently I've been on the wrong tax code for the last few years (though I've no idea why). I retired early due to ill health 12 years ago and have been on IB since then. Doing some Internet research, it appears I am in one of the…
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tax on insurance
does anyone know if you receive an insurance payout is this taxable? I get a regular payment as off work sick but i was insured but am self employed so just wanted to check if anyone knew! Thanks
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Underpaid Tax Demand....Slightly Worried!
I hope I have posted in the right forum. I have basically received a demand for £2100 in unpaid income tax from HM Customs & Revenueunder their P800 tax calculation. Essentially, I have paid all my tax for 2009-2010 at Basic rate when I should have paid higher rate on about £5000. No real arguments about this except that I…
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HMRC - Hardship?
Ok, so all my tax returns at et al are processed and up to date (from years ago) and I have now lodged an appeal for a refund of £2600 overpaid from 05 + 06 (this has been going on since before they changed the deadline rules or how far back you can go, which is part of my appeal). However HMRC still want another £450 off…
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vat rise
hi all, I am with 3 and have a mobile dongle with laptop for £30p/m for 24 months. I received a letter from them telling me that this price will rise in the new year because of vat and again for inflation. are they allowed to do this as a contract was signed? is there a loophole for them to sneak through? many thanks ian
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Employed by close relative NI and Tax Implications
Hello I wonder if anyone will be able to advise me on what tax and NI contributions I'm liable for whilst being employed by my mother. I'm registered as self-employed and have a fixed monthly income from my mother as her carer. I live in her house. I've been paying my Class 2(or is it 1?!) quarterly. Am I liable for Class…
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P800 - Pensioner not receiving full age related tax allowance
My mother, age 77, has just received a P800 and a refund of about £1200. On checking her records it would appear that she has been on a reduced age-related tax allowance since at least 2001-2002, and possibly since 1998-1999 (I can't (yet) find coding notices for the earlier years). At no time since she retired has her…
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Dads business should he employ mum or should she be an owner?
Please could anyone help? My dad has a dog grooming business and my mum has given up her job to work with him. She currently gets working tax credits and doesnt really want to lose this. We are just a little confused would it be cost affective to be employed at minimum wage for 30 hours and pay tax and national insurance…
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Can I reclaim tax before the tax year is over?
I have just left my job and received my P45. I have been paid £24,058 (gross) and paid tax of £3,840, NI of £2,516 and student loan deductions of £1,146. I will not be getting another job this tax year as i am going travelling for the rest of the tax year. Can I write a letter to the tax office to reclaim my overpaid…
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property letting/ tax implications
My husband and I married 6 months ago, 6 months prior to that he moved into rented accmmodaton with me and rented out his own property 8 months ago. The rental income from the property covers the mortgages payments but does not make us any profit. We plan to buy together in the future and I am keen to sell his previous…
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Self Assessment - home office
I am self-employed and have a room in my home that I use as an office and occasionally to host business meetings. I've read up on allowable expenses via the HMRC website. I understand that I can claim against utility (electricity/gas) bills; however I am still in the dark as to whether or not I can claim a tax allowance in…
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Higher rate tax question
Hi all, Hopefully you can help with a bit of info. My wife who works for council (teacher) has just got a letter saying from April she will be a higher rate tax payer because she is over £37500. Now, reading this sites tax page I though it was £37500 plus her personal allowance which should give a total of £43875. Which by…
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Tax Rules For Gifts
My father gave me £25000 last year to pay off a loan I took out to start a business. Stupidly I asked my father to pay the money into my bank account rather than pay the loan off directly. My question is do I have to declare this £25000 in a self assessment tax return as it was not from income earned through work. Secondly…
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Can I put savings in partners name so as to avoid paying tax on interest?
Hi there, My long time partner is not working and does not use her personal allowance. Would it be perfectly legal for me to put only her name on savings account so that she gets paid interest gross and also to remove my name from joint accounts for the same benefit. Also can you see any problems with taxman as reards this…
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Tax question - LandLord
Hi Guys, May be an issue may not be an issue. My Wife took a Mortgage out on her Mums house in order to generate cash for our family and her brothers family. In order to get the mortgage we agreed that her Mum would pay a rent of £500. However what we do is pay the mortgage for her, i.e. her Mum does not pay any Rent.…
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Is my girlfriend due tax back :)
Me and my girlfriend have been having a silly argument lately and was wondering if you guys could help :) My girlfriend is on a 14 hour contract in a retail store but usually works 22 to 24 hours a week, so she usually pays tax on her monthly pay cheque. So she usually earns £7500 a year and has said to me because they…
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Import tax, duties and vat on fabric from India
Hi, I'm doing some textile design and wondered what the implications of importing some fabrics from India to the UK would be. (rolls of fabric) I can buy the fabric I want fairly inexpensively, but I'm not sure whether import duties, customs fees, and VAT would price the whole thing out of my range. The value of the fabric…
